tag:blogger.com,1999:blog-54718807115822479862011-10-01T08:23:35.406-07:00Overall picture of the Home Mortgage Market--plus some commentaryJeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.comBlogger1111100tag:blogger.com,1999:blog-5471880711582247986.post-37322112358459714012011-01-03T18:47:00.000-08:002011-01-03T18:48:16.958-08:00

Happy New Year........www.getjackblack.com

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-382627831897349932010-11-07T15:33:00.001-08:002010-11-07T15:33:44.125-08:00

A nice productive day

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-91673404520192404812010-04-25T14:58:00.001-07:002010-04-25T14:58:36.917-07:00

By Marshall GoldsmithAs a manager or leader, do you let your people assume more responsibility when they are able? Do you know when that is, or do you keep telling yourself that they aren't ready yet? In my travels from organization to organization, I talk with thousands of people every year who want to be treated as "partners" rather than as employees. They want information to flow up as well as

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-13144015760845048582010-02-21T07:03:00.001-08:002010-02-21T07:03:08.287-08:00

Under 21? Getting a credit card just got tougherPosted using ShareThis

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-84489357021250908602010-01-14T10:51:00.001-08:002010-01-14T10:51:27.467-08:00

Posted by Lisa GibbsJanuary 14, 2010 10:45 amShopping for a house? If you’re one of the few people out there actually looking for a new home (okay, I live in South Florida, so I’m bitter), Realtor.com introduced a cool new iPhone app on Wednesday .I’ve used Realtor.com's main website before, plugging in my zip code and a bunch of characteristics to see what homes are selling for in my

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-9917006224054129492010-01-13T15:34:00.001-08:002010-01-13T15:34:33.593-08:00

07:22 PM Monday January 11, 2010By Marshall GoldsmithWhen I first began my career as an executive educator, I challenged my clients to pick one to three behavior patterns for personal improvement. Now I realize that three patterns were too many. The problem was not a lack of motivation or intelligence — the problem was that they were just too busy. I teach my clients now to pick the one behavior

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-72030193526634371402009-12-24T10:39:00.000-08:002009-12-24T10:40:25.325-08:00

The new HUD-1 rules are not that bad----it is more folklore than anything. Change has come.

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-2006040967695229412009-12-07T12:50:00.001-08:002009-12-07T12:52:21.714-08:00

Check out this website for questions/answers about the extended first time and repeat homebuyers tax credit.

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-83009610805429338862009-12-04T10:09:00.000-08:002009-12-04T10:11:01.333-08:00

Most Lenders are moving the minimum credit score up to 640 on FHA transactions. I would probably bet that come January 1, 2010 all lenders will require this. Just being proactive.

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-67438734573376996862009-12-02T19:07:00.000-08:002009-12-02T19:09:20.466-08:00

Here is the fine print of one of those "Mortgage Rates have Dropped" pop-upsRefinanceFrontier.com is not a bank or lender ("Service Provider"). Leading Service Providers participate in our matching engine who may have loan products available matching the criteria you submit in this interest profile. The information collected is not an application for credit or a mortgage loan, nor is it used to

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-31753246196314976422009-12-01T12:32:00.000-08:002009-12-01T12:34:13.730-08:00

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-56108417812428558662009-12-01T09:18:00.000-08:002009-12-01T09:22:25.635-08:00

Good video about the USDA loan programState of the Banking Sector - CNBC.com

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-75184651424591388852009-11-30T12:39:00.000-08:002009-11-30T12:40:43.608-08:00

An explosion of foreclosures will result from option ARMs set to reset to higher payments.Rates provided by Bankrate.com. NEW YORK (CNNMoney.com) -- Option-ARMs: File under, "It sounded good at the time."These exotic mortgages allowed homebuyers to come to closing with little cash and choose, monthly, how much to pay: interest and principal, interest only, or a minimum amount less than the

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-20959840713585371842009-10-22T12:36:00.001-07:002009-10-22T12:36:54.625-07:00

7 years seasoning on bankruptcies and foreclosures effective immediately!!!!!

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-34811093810474319642009-10-19T09:26:00.000-07:002009-10-19T09:27:24.177-07:00

Posted on October 19, 2009Want to refinance on the FHA Streamline Refi program? Better get a move on.Beginning in just 4 weeks, the FHA changes over to new guidelines for its popular FHA-to-FHA refinance program.Getting approved for a Streamline Refi will be more difficult and more expensive.Summarizing the official FHA announcement, there are 3 areas in which the Streamline Refinance program is

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-13811034296335233352009-08-28T08:52:00.000-07:002009-08-28T08:57:37.021-07:00

NEW YORK (CNNMoney.com) -- Use any metaphor you want: the ticking clock, sands running through the hourglass or pages falling away from the calendar. The fact is, time is running out to claim the $8,000 first-time homebuyers tax credit. Passed earlier this year as part of the economic stimulus package, the credit is good for up to $8,000, or 10% of the purchase price, and applies to people who

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-44199143401961755062009-08-25T11:54:00.001-07:002009-08-25T11:54:17.095-07:00

03:26 PM Monday August 24, 2009By John Baldoni"Even the people who wrote the Bible were smart enough to know, 'tell them a story.' The issue was evil in the world, the story was Noah.... Now the Bible knew that and for some reason or another I latched on to that."That was Don Hewitt, creator and executive producer of one of the longest running show in U.S. television history, 60 Minutes,

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-72464824698472305412009-08-25T11:48:00.000-07:002009-08-25T11:49:05.046-07:00

Mortgage bonds are a bit lower as stocks look to open higher, after it wasannounced that President Obama has reappointed Ben Bernanke as FederalReserve Chairman to a second 4-year term. This looks to be a smart move asfinancial markets finally appear to be stabilizing. It was a little less than a year agothat the credit markets were in disarray and fears of financial collapse spreadworldwide.

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-34649248682025120182009-08-14T21:02:00.000-07:002009-08-14T21:04:28.426-07:00

'A man is not a whole and complete man," wrote Walt Whitman, "unless he owns a house and the ground it stands on." America's lesser bards sang of "my old Kentucky Home" and "Home Sweet Home," leading no less than that great critic Herbert Hoover to declaim that their ballads "were not written about tenements or apartments…they never sing about a pile of rent receipts." To own a home is to be

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-81867827027752394632009-08-13T12:23:00.001-07:002009-08-13T12:23:25.616-07:00

It's been another exciting morning and Mortgage Bonds are on the plus side afterstarting the day lower. But don't touch that dial, because another day of Treasuryauctions may cause pricing to change quickly.Interestingly, Germany and France have both declared that their recession is over.We don't quite understand how they can confidently be beating the drum on this,but time will tell. On the news

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-18365705799904517162009-08-07T09:58:00.001-07:002009-08-07T09:58:59.840-07:00

Video: Aesop's Fable - or fact? Meet the world's cleverest bird - Times OnlineShared via AddThis

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-91038642970382217032009-08-07T09:53:00.000-07:002009-08-07T09:54:36.307-07:00

By John BaldoniWant to make better use of your time? You might want to consider taking a nap. A new study from Pew Research shows that one-third of all people who earn $100,000 or more take naps. These folks spend more time napping than those earning between $30,000 and $100,000. (Too much napping is not good for your income: those who napped the most earned less than $30,000 annually.)While I

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-87680496506455302962009-07-23T10:59:00.000-07:002009-07-23T11:00:06.847-07:00

Do You Really Know What Your Employees Think? 01:54 PM Wednesday July 22, 2009By John BaldoniThe Pew Research's News Interest Index for a week in July concluded that people surveyed were actually more interested in stories about Michael Jackson's death, as well as the economy and health care reform, than news media's coverage provided. With the glut of coverage and cries of overkill for these

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-34222889563035551682009-07-22T10:49:00.000-07:002009-07-22T10:50:15.339-07:00

Treasury Yields to Fall, Fibonacci Signals: Technical Analysis By Yoshiaki NoharaJuly 22 (Bloomberg) -- Ten-year Treasury yields are likely to decline, paring their biggest weekly increase in more than a month, a technical indicator suggests. Yields may fall to 3.43 percent this week after they failed on July 20 to break above 3.72 percent, a figure that represents a key threshold based on the

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-13404873642853191872009-07-10T10:34:00.000-07:002009-07-10T10:35:21.887-07:00

After a significant rally higher, Bonds have been ripe for some profit taking and areversal lower – and yesterday’s weak Treasury auction results triggered a plungelower in pricing. This morning, Bonds are fighting to regain some lost ground asprices sit almost exactly between a floor of support at the 50-day Moving Average,and a ceiling of resistance at the 100-day Moving Average. The economic

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-71429611779718795722009-07-09T08:58:00.001-07:002009-07-09T08:58:58.318-07:00

Interest rates-----come down out of that high tree. I need you at 5% again.

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-46939106150814826362009-07-07T11:02:00.000-07:002009-07-07T11:03:39.731-07:00

Bonds continue to dance just under a thick dual layer of resistanceformed by the 50-day Moving Average and recent highs…and Bondsmight find it hard to bust through the overhead ceiling and find muchimprovement today unless Stocks roll over.After struggling most of the day, Stocks mustered a run higher lateyesterday to erase their losses and actually finish the day with slightgains. The Dow

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-80136442554155275502009-06-30T10:58:00.000-07:002009-06-30T11:04:19.481-07:00

Everyday we get some type of lending change. They come in the form of an email with an effective date that has either already passed or only a few days away. We do our best to keep up with the current underwriting guidelines but we are at the mercy of the rule makers.The frustrating part is the changes can come in the middle of your loan and there is nothing you can do about it. Borrowers are

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-17395731790872829022009-06-25T09:47:00.000-07:002009-06-25T09:49:31.695-07:00

06/25/2009House Speaker Nancy Pelosi has put cap-and-trade legislation on a forced march through the House, and the bill may get a full vote as early as Friday. It looks as if the Democrats will have to destroy the discipline of economics to get it done.Despite House Energy and Commerce Chairman Henry Waxman's many payoffs to Members, rural and Blue Dog Democrats remain wary of voting for a bill

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-30037356769590805862009-06-19T07:35:00.001-07:002009-06-19T07:35:21.706-07:00

Sitting at the doctor with my dad.

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-28550985048181459702009-06-15T11:33:00.001-07:002009-06-15T11:34:04.646-07:00

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-78058339026752759442009-06-15T11:30:00.001-07:002009-06-15T11:30:53.108-07:00

Mortgage Bonds are advancing higher so far today after two days of healthy gains.The Bullish Engulfing Pattern, along with the Positive Stochastic Crossover,accurately signaled this very welcomed rally. And the good news is that thereshould be some more room to advance until we reach resistance at the 200-dayMoving Average, about 30bp higher. From there we will have to see if the rally hasthe

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-52835267662100104562009-06-11T08:34:00.001-07:002009-06-11T08:34:55.664-07:00

By Jody ShennJune 10 (Bloomberg) -- Yields on Fannie Mae and Freddie Mac mortgage securities rose, setting a new high since the Federal Reserve announced plans to buy the bonds to drive down interest rates on new home loans and further thwarting the effort. Yields on Washington-based Fannie Mae’s current-coupon 30- year fixed-rate mortgage bonds rose 0.09 percentage point to 5.06 percent as of 3

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-83151672057065798542009-06-01T12:08:00.000-07:002009-06-01T12:09:29.256-07:00

06/01/2009On Friday, mortgage backed securities (MBS) aggressively rallied, recapturing about half the losses suffered on "Black Wednesday". The majority of lenders repriced for the better but many remained cautious and did not pass along gains to the extent that MBS coupons rallied, which is typical for a Friday. So far this morning, we have given back half of Friday's gains after better

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-61077291521181526932009-05-14T11:22:00.000-07:002009-05-14T11:25:05.645-07:00

Frequently Asked Questions About the Home Buyer Tax CreditThe American Recovery and Reinvestment Act of 2009 authorizes a tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009.The following questions and answers provide basic information about the tax credit. If you have more specific questions, we

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-7061853232048839902009-05-14T11:18:00.001-07:002009-05-14T11:18:34.313-07:00

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-70014434775030434692009-05-11T13:41:00.000-07:002009-05-11T13:42:09.180-07:00

By Daniel KrugerMay 11 (Bloomberg) -- The world’s biggest investors are increasing bets that Federal Reserve Chairman Ben S. Bernanke will boost purchases of Treasuries as the steepest losses on government debt since 1994 send mortgage rates above 5 percent. The slump in Treasuries the past seven weeks pushed yields on longer-maturity bonds up by more than half a percentage point and sent average

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-67562701844054057272009-05-01T11:16:00.001-07:002009-05-01T11:16:53.460-07:00

Mortgage Bonds are trading lower today after failing to stay above support at the25-day Moving Average. A look at yesterday's candle on the Bond Pageshows both long upper and lower wicks, illustrating wild intra-day trading. Pricesbounced around, hitting both the 25-day MA ceiling of resistance, and support atthe 50 and 100-day Moving Averages.But so far this morning, although lower, Bond prices

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-36448162795533041892009-03-23T13:56:00.001-07:002009-03-23T13:56:53.098-07:00

Under 5%, Mortgages May Be Near The Bottom The Federal Reserve is going to extraordinary lengths to push down long-term interest rates, including home-mortgage rates. But those hoping mortgage rates will fall sharply from current levels, already historically low, may be disappointed.Mortgage firms Thursday were quoting rates averaging 4.75% on 30-year fixed-rate mortgages, according to Zillow.com

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-4516555193965240892009-03-18T09:51:00.000-07:002009-03-18T09:52:32.372-07:00

March 13, 2009 1:15PMThe banks/Illuminati/whatever will use Geithner’s welfare to buy back the crap the Fed’s welfare is buying from the banksRight now, the Fed’s buying assets probably for about 20-60 cents on the dollar from the Banks (I’ll play along and call them “the Banks” in this column, even though they’re actually now all outright welfare institutions) like Citigroup (C), Bank of America

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-76523761868336740992009-03-12T11:33:00.001-07:002009-03-12T11:34:00.770-07:00

March 3, 2009 Texas Continues to Be a Hot Spot for SomeBy Jennifer Harmon PLANO, TX-The Texas market appears to be continuing to do relatively and somewhat anomalously well compared to the rest of the country, and not just because of refinancing.At least that's the case for one top-ranked mortgage originator here who as of January had seen application volume and closing volume go up 600% since

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-65296710530045525572009-03-12T11:21:00.001-07:002009-03-12T11:21:51.755-07:00

Retail Sales for February fell 0.1%, however, this was a bit better than expectationsof a 0.5% drop. Adding to the positive tone was a significant upward revision toJanuary's Report to 1.8% from a previous number of 1%. Retail Sales is a veryvolatile Report on a month to month basis, but the last couple of readings areencouraging - perhaps showing some signs of economic stabilization.One area of

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-6696179564265168412009-03-12T11:20:00.000-07:002009-03-12T11:21:07.052-07:00

“Bond Market News and Perspective for Mortgage Professionals”Thursday, March 12, 2009Retail Sales Decline 0.1% in February, Less Than Forecast and Showing Some Stabilization, led by the slump in demand for cars, following a revised 1.8 percent jump in January. Excluding automobiles, sales unexpectedly climbed 0.7 percent. Retail sales in January were revised up sharply, surging 1.8% instead of

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-61688993469254680532009-03-10T15:03:00.000-07:002009-03-10T15:04:03.147-07:00

MARCH 10, 2009 Washington shouldn't exacerbate the looming problem in consumer credit lines.Article By MEREDITH WHITNEYFew doubt the importance of consumer spending to the U.S. economy and its multiplier effect on the global economy, but what is underappreciated is the role of credit-card availability in that spending. Currently, there is roughly $5 trillion in credit-card lines outstanding

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-53254743220816958532009-03-06T11:00:00.000-08:002009-03-06T11:03:08.399-08:00

3/06/2009Obama's Radicalism Is Killing the Dow A financial crisis is the worst time to change the foundations of American capitalism. By MICHAEL J. BOSKINIt's hard not to see the continued sell-off on Wall Street and the growing fear on Main Street as a product, at least in part, of the realization that our new president's policies are designed to radically re-engineer the market-based U.S.

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-91804928460353981842009-03-04T11:13:00.001-08:002009-03-04T11:19:31.907-08:00

03/04/2009Everyday the 10 year bond swings 19/32 one way then the next day swings back 19/32 to the original position. Interest rates have been "stuck" in the range that they have been trading since December 2008. Most of my clients have been waiting on the sidelines to see how low rates will go only to be frustrated by the lack of movement. I have not seen anyone reporting on why this is

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-88328415395043718712009-03-02T12:45:00.001-08:002009-03-02T12:46:31.596-08:00

2/02/2009By PAUL RYANInheriting countless challenges, Congress and the Obama administration have moved quickly on many fronts to implement their economic agenda. After two months of drastic interventions, has hope replaced fear, and confidence pushed aside uncertainty? Hardly. David GothardThe budget the president released last week, however, does provide some certainty about where we are headed:

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-89332150948825233282009-03-02T12:45:00.000-08:002009-03-02T12:46:33.369-08:00

2/02/2009By PAUL RYANInheriting countless challenges, Congress and the Obama administration have moved quickly on many fronts to implement their economic agenda. After two months of drastic interventions, has hope replaced fear, and confidence pushed aside uncertainty? Hardly. David GothardThe budget the president released last week, however, does provide some certainty about where we are headed:

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-65572038613902353222009-03-02T12:35:00.001-08:002009-03-02T12:35:41.990-08:00

Stocks around the globe are lower on fears that the recession is getting worse.Last Friday, US Stocks closed February with their worst performance since 1933.The S&P 500 dropped 10.9%, and has dropped 18.6% so far this year, the worststart to the year on record. And Stocks are getting no relief at the moment as theDow trades below 7,000 for the first time since 1997.Also pressuring Stocks lower

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-36981905091227393552009-02-26T09:08:00.001-08:002009-02-26T09:08:59.369-08:00

The unemployment line is getting even longer...Initial Jobless Claims rose 36,000last week to 667,000, worse than the 625,000 expected and the highest level sinceOctober of 1982. The number of people collecting benefits reached a record high,rising 114,000 to 5.11 million.New Home Purchases dropped 10.2% to an annual pace of 309,000 versusestimates of 324,000, the lowest level since data

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-56675912495033798362009-02-19T13:24:00.000-08:002009-02-19T13:27:06.997-08:00

President Obama is taking all the headlines of late, most recently announcing hisplan to help homeowners avoid foreclosure via two different initiatives. One is arefinancing program for homeowners with less than 20% equity in their homes, orwho owe more than their home is worth. The second program attempts to lowermonthly payments for homeowners at risk of losing their home. As we break apartthe

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-13459706303131529792009-02-17T15:04:00.000-08:002009-02-17T15:05:17.316-08:00

It's the heat of the moment, with Stocks under heavy selling pressure and Bondsreaping the benefit. Traders may be caught up in panic mode, as bad economicnews from around the globe is capturing all their attention. With no place to hide,Bond prices are improving as money flows into Bonds as a temporary safe haven.Technically, Stocks are near a very important level, with the Dow testing

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-10774406355251128192009-02-11T08:33:00.000-08:002009-02-11T08:34:24.051-08:00

MBA Applications Survey: Composite Index down 24.5%, Refinance Index fell 30.3%, Purchase Index down 9.8%, pushing the MBA's purchase index to its lowest level since the end of 2000. Reinancings made up 66.7% of applications filed last week, down from 73.2% the week before, while adjustable-rate mortgages accounted for 2.5%, up from 2.1% The rate charged on 30-year fixed-rate mortgages averaged

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-17076470384263594152009-02-05T11:04:00.000-08:002009-02-05T11:05:05.493-08:00

MMG Update - Thursday, February 5, 2009 10:48am ETCurrent Trend Direction: LowerRisks favor: Floating into Jobs ReportCurrent Price of FNMA 4.5% Bond: $100.62, +3bpThe unemployment line is growing longer - Initial Jobless Claims came in at626,000, a good bit higher than estimates of 580,000 and the highest level in 26years. This is an ugly labor market reading on the eve of tomorrow's Jobs Report

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-26406880134245734552009-02-05T09:49:00.001-08:002009-02-05T09:51:36.932-08:00

OPINION FEBRUARY 5, 2009 Democrats Try Trickle-Down Economics Growing government won't stimulate the real economy.Article By KARL ROVEAs a presidential candidate, Barack Obama attacked "trickle down economics" as "bankrupt" and an "old, discredited" philosophy that "didn't work." He was wrong. Even worse, though, is that he and congressional Democrats are embracing a Democratic version of

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-77369968654399726362009-01-29T11:37:00.001-08:002009-01-29T11:37:56.305-08:00

1/29/2009My New Spread the Wealth Grading Policyby Mike S. Adams Good afternoon students! I’m writing you this email to announce that I’m making some changes in the grading policies I announced two weeks ago when I sent an email with an attached course syllabus. As you know, we now have a new president and I thought it would be nice to align our class policies with some of the policies he will be

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-54152578116447850582009-01-28T09:16:00.001-08:002009-01-28T09:17:11.787-08:00

Bank stocks on fire this morning are boosting the overall stock market in pre-market computer trading and putting some minor pressure on the bond market. Here comes the 'bad bank'; according to reports the so-called bad bank will be run by FDIC. The purpose; take a lot of the toxic assets off banks books and dump them on tax payers. Once again the little guy takes the pipe. The 'bad bank' idea is

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-80192055848301390812009-01-23T09:55:00.001-08:002009-01-23T09:55:30.124-08:00

The long end of curve got hit hard this morning on follow-through from yesterday's technical breakdown; at 11:00 this morning the mortgage market prices were off as much as 12/32 and the 10 yr note yield had popped up to 2.64% frm 2.54% yesterday. This afternoon some rebound on the 10 yr and mortgages. Technically, the Fannie 30 yr has managed to sustain its 40 day MA, the 10 yr however, both the

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-54791204706060675842009-01-15T11:44:00.000-08:002009-01-15T11:45:07.720-08:00

Three economic readings at 8:30 put a slight bit of pressure on treasury and mortgage prices, but not much. Prior to 8:30 data the 10 yr note and mortgage prices were slightly better, but again not much. The stock index futures trading was about unchanged after 8:30 news. By 9:30 treasuries and mortgages were trading better as the equity markets opened weaker with the DJIA down 90 points in the

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-64006731171978064652009-01-14T12:50:00.001-08:002009-01-14T12:50:14.104-08:00

Another blow to the broker industry. JPMorgan Chase & Co. is closing down its remaining wholesale channel and will no longer offer prime mortgages through brokers, the New York banking company said Tuesday. Spokeswoman Christine Holevas said in an interview with American Banker Tuesday that JPMorgan Chase had made a "strategic decision" to "no longer purchase loans originated by brokers." The

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-17164425249031743882009-01-13T09:05:00.001-08:002009-01-14T12:49:56.841-08:00

1/13/2009No economic releases to think about today, but this week does have a lot to look at, mostly confirming weakness in the economy (nothing new). At 9:00 this morning treasuries were trading weaker in price, 30 yr mortgage prices were down 9/32 frm Friday;s close but 15 mtg prices traded better, +5/32 frm Friday. (see below for 10:00 levels). The Obama stimulus package is not yet finalized

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-42143465067286629652009-01-07T14:14:00.001-08:002009-01-07T14:17:20.147-08:00

1/7/2009At 9:00 this morning treasuries were trading weaker, mortgage prices were down 4/32 frm Tuesday's close. The stock index futures markets were lower pointing to a soft open at 9:30. Some perspective; from 9:00 yesterday to 9:00 this morning mortgage prices were up 21/32. Yesterday mortgages improved 35/32 frm the close on Monday. A good day no matter what time frame you use. By 10:00

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-49412910669081372962009-01-07T14:14:00.000-08:002009-01-13T09:06:31.929-08:00

1/07/2009At 9:00 this morning treasuries were trading weaker, mortgage prices were down 4/32 frm Tuesday's close. The stock index futures markets were lower pointing to a soft open at 9:30. Some perspective; from 9:00 yesterday to 9:00 this morning mortgage prices were up 21/32. Yesterday mortgages improved 35/32 frm the close on Monday. A good day no matter what time frame you use. By 10:00

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-55117791656585275932009-01-07T10:01:00.000-08:002009-01-07T10:04:28.591-08:00

The mortgage markets were the runaway winners today as mortgage rates for 30 yr fixed conforming loans in some areas hit 4.875% with a point origination. The mortgage markets continue to see interest in MBSs now that the Fed has actually started buying them. That said, the mortgage markets are still not functioning well and wholesalers are trying to control the flow by worsening prices at times

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-20875192758751024572009-01-06T10:32:00.001-08:002009-01-06T10:32:24.465-08:00

Treasuries traded weak at 7:00 with the 10 yr note down 40/32 and its yield at 2.50% +13 BPS from Friday's close. After a year when mortgages were the plague, with the Fed in the current picture buying mortgages and with expectations increasing that there will be more support for mortgages provided by the government, yesterday and so far this morning the mortgage market is showing its best

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-38383689613097694602009-01-05T10:17:00.000-08:002009-01-05T10:18:34.241-08:00

Happy New YearTreasuries traded weak at 7:00 with the 10 yr note down 40/32 and its yield at 2.50% +13 BPS from Friday's close. By 9:00 treasuries rebounded off their lows but still weaker on the session. Mortgages are doing much better this morning; after falling about 14/32 in price last week the 30 yr fixed price at 9:00 was up a solid 15/32; 15s +9/32 (see below for 10:00 levels). The NY Fed

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-51865981807505407592008-11-09T07:27:00.000-08:002008-11-09T07:28:19.999-08:00

Published on Monday, February 27, 2006 by CommonDreams.orgWhen Americans No Longer Own Americaby Thom Hartmann The Dubai Ports World deal is waking Americans up to a painful reality: So-called “conservatives” and “flat world” globalists have bankrupted our nation for their own bag of silver, and in the process are selling off America. Through a combination of the “Fast Track” authority pushed for

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-51379611745149663472008-11-05T08:52:00.000-08:002008-11-05T08:53:18.377-08:00

11/05/2008Not unexpected based on polls leading to the election; Barak Obama will be the next US President. His plate will be full and not an easy one to chew. The US economy is in shambles, unemployment is increasing, the housing crisis continues, and the federal budget deficit will approach $1 trillion dollars in the current fiscal year. Most political analysts expect Obama to start quickly,

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-2653771547424856822008-10-31T15:49:00.001-07:002008-10-31T15:49:56.836-07:00

Just VOTE--

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-17273999832661835742008-10-28T20:30:00.000-07:002008-10-28T20:32:37.704-07:00

10/28/2008Another bad day for the rate markets. Yesterday mortgage prices plunged 30/32 with rates up about 50 basis points, today mortgages off 19/32 with another 25 basis point increase. The long end of the curve took the biggest hits, with the 10 yr note yield jumping 16 basis points. The stock market is very oversold and due for a strong bear market rally that we believe started today and

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-64543698749888021192008-10-27T08:05:00.001-07:002008-10-27T08:05:58.255-07:00

10/27/2008STRATEGY We are finally seeing some signs of improvementin the credit markets. Overnight Libor fell to 1.67% from 5.09% lastweek. Overnight commercial paper rates fell to 1.05% from 3.50% lastweek. Caveat Emptor- 1, 3 and 6 month Libor are still about 150basis points higher than they should be reflecting the skittishnessand uncertainty over what the future brings us. Mortgage rates

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-63264945470288125992008-08-05T14:54:00.001-07:002008-08-05T14:55:17.915-07:00

August 4th, 2008 3:53 PM EasternPlease Define What a ‘Windfall Profits’ Tax Is…-->By Betsy NewmarkHigh School History and Government Teacher/BloggerLiberals like to bleat about the oil companies making “windfall profits” as if there is some point when making a profit is bad. So the Wall Street Journal asks what the definition is of a “windfall profit.” This is important to know because Senator

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-20384447366109228502008-05-13T11:19:00.001-07:002008-05-13T11:20:05.180-07:00

06/13/2008April retail sales, expected to have declined, did; down 0.2%. However, ex auto sales retail was expected to be up 0.2% but jumped +0.5%. Prior to the 8:30 report the 10 yr note traded up 4/32, the initial reaction to better retail sent the note down 10/32 to -6/32 at 3.82%. This data will help lessen concerns over slowing consumption in the weeks ahead. The data showed slowing

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-22457048350169772082008-05-12T10:01:00.001-07:002008-05-12T10:01:45.906-07:00

06/12/2008Treasuries and mortgages started with some price declines early this morning, but both are now seeing improvement. The stock market looks weak so far even though at 10:00 the DJIA is holding a slight improvement. More selling in stocks will support the bond market. The bellwether 10 yr note at 3.74% at 10;00 has a path to test resistance at 3.68%.Last week there wasn't much in the way

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-89872514873660241862008-05-06T08:58:00.000-07:002008-05-06T08:59:01.493-07:00

05/06/2008The bond and mortgage markets started better this morning on momentary safe haven moves as Europe's stock markets were soft and the US stock market opened lower. UBS reported a loss of $17.3B in the first-quarter at its investment-banking unit, and plans to cut 5,500 jobs and said clients withdrew a net $12.2B from its asset- and wealth-management divisions. As losses continue to hit it

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-21582311853470818622008-05-05T10:40:00.000-07:002008-05-05T11:04:00.869-07:00

5/5/2008Here is a great weekly newsletter you can sign up for--it is an overall view of the economy from a great perspective.I encourage all of you to sign up for this.http://www.frontlinethoughts.com/learnmoreJeremy

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-44423292216430269952008-05-05T10:39:00.000-07:002008-05-05T10:40:03.102-07:00

05/05/2008Some rebound in the bond and mortgage markets this morning after selling Friday drove yields to levels that were very close to drop dead support; but by 10:00 all the early gains have been erased . The 10 yr yield hit 3.88% on Friday, settled at 3.86& and closed in one 3.92% that we still believe will be tested. Early volume in bond and mortgage trading this morning was paper thin as

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-90341902769974517752008-02-25T09:13:00.001-08:002008-02-25T09:14:19.979-08:00

02/25/2008US rate markets opened somewhat weaker this morning on weekend developments that Ambac will get a $3B lifeline, and global demand for riskier assets perking back up. The 'bailout' of the bond insurers was widely expected lat Friday so the reaction this morning isn't as bond negative since a lot of the action took place late Friday.Jan existing home sales hit a few minutes ago; markets

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com1tag:blogger.com,1999:blog-5471880711582247986.post-40490071460876339692008-02-22T09:12:00.000-08:002008-02-22T09:13:19.340-08:00

Feb. 22 (Bloomberg) -- Joe Lents hasn't made a payment on his $1.5 million mortgage since 2002.That's when Washington Mutual Inc. first tried to foreclose on his home in Boca Raton, Florida. The Seattle-based lender failed to prove that it owned Lents's mortgage note and dropped attempts to take his house. Subsequent efforts to foreclose have stalled because no one has produced the paperwork.``If

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-43028691740144520512008-02-22T09:01:00.000-08:002008-02-22T09:02:04.106-08:00

02/22/2008In very early trading this morning (7:00 AM) the 10 yr note traded 14/32 higher in price than the close yesterday; but by 9:00 the 10 was back to unchanged. Treasuries have nothing to work with today with just some Fed-speak hitting later. Trade is trying to add to yesterday's gains with the technical picture looking better providing these levels hold. The lack of drivers could weigh on

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-28867223966674920082008-02-15T09:35:00.000-08:002008-02-15T09:36:13.899-08:00

02/15/2008The February Empire State index fell 21 pts to -11.7 as new orders fell to -11.9 and shipments fell -21 pts to -4.9. Prices paid rose as prices received edged lower as the lack of manufacturing pricing power doesn't provide much inflation risk. Markets were forecasting the index at +7.5; in Jan the index sat at 9.0. Any reading in the indexes under zero indicates contraction. Put this

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-56374153379354299472008-02-08T09:31:00.001-08:002008-02-08T09:31:50.314-08:00

02/08/2008a loan originated between July 1, 2007 and December 31, 2008may be purchased by Fannie and Freddie, as long as the loan amount does notexceed the higher of $417,000 OR 125% of what HUD determines to be the areamedian home price, with a maximum cap of $729,750. This will allow some loanamounts higher than $417,000 to have significantly better pricing, at least for alimited time frame.

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-47964767546682400982008-01-24T09:03:00.001-08:002008-01-24T09:03:51.872-08:00

01/24/2008Yesterday's market volatility is about all that traders could stand; hopefully today won't be so stressed. The DJIA had a 650 point range, the treasury market sold off in swift fashion when the equity markets spiked higher in the afternoon and continued to be pounded right to the end; the 10 yr note at 4:00 yesterday was down 33/32 at 3.53%----it closed at -51/32 at 3.59% right on

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-51584942504511337212008-01-24T08:50:00.000-08:002008-01-24T08:52:18.113-08:00

01/24/2008Speaking of opportunity. We are hearing rumors that the conforming limit maybe raised on a somewhat temporary basis from $417,000 to $625,500, like italready exists in Alaska, Hawaii, Guam and the Virgin Islands.. Now remember, this is still just a possibility and it may not even happen, but we have to be ready. We strongly recommend you start lining up all your Jumbo and ARM clients as

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-3129962568175788262008-01-14T13:56:00.000-08:002008-01-14T13:57:11.221-08:00

Jan. 14 (Bloomberg) -- This will be a brave new year for U.S. homeowners with adjustable-rate loans.Terms will be tougher for the credit-challenged. Fewer bargain teaser rates will be offered. And for those facing higher resets on adjustable-rate mortgage payments, it's time to negotiate.If your mortgage is ratcheting up to a monthly payment you can't afford, you may have some leverage in

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-51954466742796972432008-01-02T12:35:00.000-08:002008-01-02T12:36:35.848-08:00

01/02/2008Very early trade this morning had the rate markets open under a little pressure from Monday's early close. The holidays are over and its back to business, albeit with some minor football hangover. At 10:00 a huge rally.The remainder of this week will be focusing on the Dec employment report on Friday; expectations are for the unemployment rate to increase to 4.8% from 4.7% with non-farm

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-2474429392040410512007-12-19T10:13:00.000-08:002007-12-19T10:23:15.263-08:00

12/19/2007All this week the Wall Street Journal and Bloomberg.com have been reporting on the sub prime "mess" as it is called now.They give two examples and they make excellent points but, what the main underlying problem is that in certain areas of the U. S. people have used their home as an ATM and now they are walking away from the home. In the WSJ report on Monday a couple bought a home in

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-8999744479999045802007-12-13T13:43:00.001-08:002007-12-13T13:43:36.812-08:00

12/13/2007Three economic reports at 8:30 had a dampening impact on the interest rate markets this morning.Nov retail sales, expected to be +0.6% were up 1.2%; excluding autos sales retail was up 1.8% against estimates of +0.6%. Weekly jobless claims were expected to have declined 3K, they were down 7K. On the inflation meter is where the market took a step back; Nov PPI, expected to be up 1.5%

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-87254532942978979112007-12-06T11:53:00.000-08:002007-12-06T11:54:58.097-08:00

12/6/2007By Terry Jackson • Bankrate.comHas this happened to you? Your boyfriend or girlfriend wants a new car but their credit isn't up to snuff and they want you to be a co-signer on the loan. Maybe it's your son or daughter who comes seeking your signature on the loan document.As credit gets tighter because of the fallout from the subprime mortgage market, you can expect more people with

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-89049988421899070692007-12-03T12:00:00.000-08:002007-12-03T12:04:11.263-08:00

12/3/2007Our real estate market in Palestine, Texas is "just fine." The "subprime mess" as reported by every media outlet, everyday, has not and should not impact us. Here's why: most businesses in this area offered other loans and most people with "bad credit" had credit histories so terrible that they did not even qualify for subprime loans. Also, the number of foreclosures in our area are

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-62998185487445702052007-11-27T08:16:00.001-08:002007-11-27T08:16:43.889-08:00

11/27/2007Interest rates are shooting up this morning as the stock market is better, but that isn't the main event so far. CitiGroup sold 4.9% of itself to the Abu Dhabi government for $7.5B. Citi is in trouble and making the move to sell to the Abu Dhabi government is just the beginning of the sale of America to the oil countries.America is for sale as the financial and credit markets are in

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-20630250676279612452007-11-26T09:11:00.000-08:002007-11-26T09:13:08.860-08:00

11/26/2007The rate markets started generally unchanged this morning after last week's thin markets and early closings.The stock markets were better global and in early pre-market trading this morning the stock index futures were doing better. Crude oil on Friday jumped $0.89 to $98.18, early trade this morning saw selling (see below for 10:00 level).There are no economic releases scheduled today,

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-65390172619661337402007-10-22T11:58:00.000-07:002007-10-22T11:59:34.014-07:00

Taking Out the SIV GarbageOctober 19, 2007By John MauldinTaking Out the SIV GarbageThe Rhinebridge to NowhereThe $100 Billion Superfund to the Rescue?Don't Ask, Don't SellThe Shadow Banking SystemNew Orleans, Houston, and Old Friends This week was not pretty for stocks. It all started off with the announcement of a special 80-100 billion dollar fund orchestrated by the US Treasury to bail out

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-84005590443988337602007-10-02T10:01:00.000-07:002007-10-02T10:02:08.778-07:00

10/02/2007More choppy trade today as the employment report looms on Friday.Yesterday the interest rate markets managed a rally, early this morning the yield curve and mortgages started lower in price as the tight range in the bellwether 10 yr not is likely to hold steady until we see what the employment looks like. Last month the Labor Dept reported August non-farm jobs declined 4K, we believe

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-6988007952954456502007-09-27T09:53:00.000-07:002007-09-27T09:55:41.518-07:00

By Chris Isidore, CNNMoney.com senior writerSeptember 27 2007: 12:30 PM EDTNEW YORK (CNNMoney.com) -- The mortgage bomb hit the demand for new homes even harder than expected in August, leaving the nation's builders with their weakest level of sales since the summer of 2000, when the nation was struggling with a stock market collapse, rising interest rates and a looming recession.And the

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-6874634831463559602007-09-26T13:29:00.000-07:002007-09-26T13:39:16.383-07:00

Here is what no one in the media is talking about--partly because they lack the intelligence with specifics with the hybrid ARM's. Most of the people who took out "prime loans" chose the popular "Pay Option ARM." Here's the catch, the rates on most of them was 1.75% with the remainder being attached to your note--negative amortization anyone--and these ARM's reset at five years. So, in effect,

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-76882452617414948162007-09-25T13:06:00.000-07:002007-09-25T13:06:18.390-07:00

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-29902079169668117292007-09-25T09:36:00.001-07:002007-09-25T09:36:35.177-07:00

9/25/2007Treasury prices improved overnight as bonds in Europe saw improvements on continued worries about earnings and credit which triggered safe haven buying.German business confidence was weaker-than-expected adding a bid to bonds. U.S. Treasury futures opened on a strong note as well. Prior to the release of August existing home sales and September consumer confidence data, the 10-year note

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-50064939435562345102007-09-18T08:02:00.000-07:002007-09-18T08:14:19.993-07:00

9/18/2007Every day we hear another news report that says "foreclosures at an all time high." This is very misleading to the average consumer. Foreclosure notices are sent to people who are 90 days behind--not actually losing the house and moving out. So news writers have to word it like "foreclosures zoom out of sight" versus "125,900 people were sent notices that they are 90 days behind on

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0tag:blogger.com,1999:blog-5471880711582247986.post-15909738394168404222007-09-17T09:43:00.000-07:002007-09-17T10:23:56.137-07:00

Caught in a toxic mortgageMeet the Olivers: good credit and low risk. So why are they in danger of losing their home? How to get deep in mortgage September 17 2007: 11:54 AM EDTNEW YORK (CNNMoney.com) -- It seems surprising that Kurt and Vicki Oliver could lose their home to a bank foreclosure. They had great credit, long-term employment and excellent assets and income.But their main problem

JeremyWageshttp://www.blogger.com/profile/00365180212435136430noreply@blogger.com0